Enity (ENITY) Stora Aktiedagarna 2026 summary

Market overview and positioning

• Operates as a leading Nordic specialist mortgage bank, focusing on 100% secured mortgage lending in an underpenetrated niche with 8-10% annual growth potential.

• Targets individuals with non-traditional employment, prior payment defaults, or limited credit history, addressing a growing segment underserved by high-street banks.

• Nordic mortgage market is robust, profitable, and supported by favorable macroeconomic and regulatory trends.

• Specialised mortgages represent less than 1% of the total Nordic mortgage market, with high security and low credit risk.

• Loan book distribution is diversified across Sweden, Norway, and Finland, with tailored and equity release products.

Growth strategy and financial performance

• Demonstrates a 20-year track record of profitable growth, with an 11% CAGR in the loan book and consistent returns on tangible equity (ROTE) around 17-19%.

• 2025 targets include a SEK 30.6bn loan book, 19.2% adjusted ROTE, 4.1% net interest margin, and a low 26bps credit loss ratio.

• Financial targets are set for 8-10% annual organic lending growth, ~20% ROTE, and a CET1 ratio exceeding regulatory requirements by 200-300bps.

• Dividend policy aims to distribute 20-40% of annual profit, considering capital requirements.

• Ongoing investments in digitisation, automation, and customer experience to drive efficiency and agility.

Product offering and customer segments

• Offers tailored mortgages, second charge loans, and equity release loans, all 100% secured and designed for underserved segments.

• Average loan sizes range from SEK 0.8m to SEK 2m, with interest rates between 6-8% and weighted average LTVs up to 70%.

• Approximately 30,000 unique customers in tailored mortgages, 2,000 in second charge, and 2,000 in equity release.

• Focus on financial inclusion and empowerment, with a scalable, cloud-based tech platform and experienced leadership.

• Distribution strengthened through partnerships and potential acquisitions, especially in Norway, Finland, and Sweden.